FB Financial: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
FB Financial (NYSE:FBK) reported Q4 earnings with an EPS of $0.77, beating estimates by 10.0% but with a revenue decline from the previous year. The company has a history of surpassing EPS estimates, which has previously led to a share price increase.
January 16, 2024 | 11:10 am
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FB Financial reported a positive earnings surprise with a 10% beat on EPS estimates, but experienced a decline in revenue compared to last year. Historically, EPS beats have led to share price increases.
FB Financial's beat on EPS estimates is likely to be viewed positively by investors, as past performance shows a correlation between earnings beats and share price increases. However, the decline in revenue may temper some of the positive sentiment.
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